Explains the assumptions and limitations of perfect competition and monopoly. This space has been created for you to share with your colleagues the importance for companies of understanding perfect competition versus monopoly in business decision-making. The student will assume the role of expert blogger on the topic. Do some research and research on the importance for businesses of understanding perfect competition and monopoly in the industry. Putting yourself in the shoes of an expert blogger on the topic, write an article about why perfect competition is considered the most efficient market structure. He also explains its limitations. Once you have published your article, read your colleagues' blogs and select two of them to discuss your articles. Establish a dialogue with them.

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Article The Significance of Perfect Competition in Business DecisionMaking In the realm of market structures perfect competition stands out as the epitome of efficiency and fairness Defined by a multi... View the full answer